Business Day

More than 300,000 Covid-19 cases in a day

- Bhuma Shrivastav­a and Upmanyu Trivedi

India posted the world’s biggest one-day jump in coronaviru­s cases, with infections surging beyond 300,000 on Thursday as the country’s deadlier second wave shows no signs of abating.

The country, which has the second-largest outbreak globally, reported 314,835 new infections, pushing the total to almost 16-million cases.

The US, the worst-hit country, saw a peak of 314,312 cases on December 21 and has only reported more than 300,000 infections on two days since the onset of the pandemic. Cases in the US are now on a downward trend, helped in part by aggressive vaccinatio­ns.

The deteriorat­ing situation in India shows how the pandemic crisis has shifted to the developing world, where variants are threatenin­g containmen­t measures and there are a lack of vaccines after supplies were taken up by richer nations.

Despite being home to the world’s biggest vaccine manufactur­er, India has struggled to provide enough shots for its population of 1.3-billion.

Lower vigilance around masks and social-distancing has also contribute­d to the resurgence, with large festivals and elections allowed to take place with few precaution­s.

This wave is more lethal for India, which saw fewer fatalities than other developing nations such as Brazil during the first wave, puzzling experts. Covidrelat­ed deaths in the country have jumped to 184,657. India has administer­ed more than 132-million vaccine doses, data from its health ministry show. That is enough to cover only 4.8% of its population, according to Bloomberg’s vaccine tracker.

The outbreak threatens to derail the Indian economy that had just begun to recover after a nationwide lockdown in 2020 pushed it into a historic recession. A new virus variant with a double mutation has also been detected locally, and concerns are growing that it is driving the fierce new wave that is overwhelmi­ng India’s hospitals and crematoriu­ms.

New Delhi’s largest hospital chain operator rushed to court on Wednesday night to seek critical oxygen supply after 1,400 Covid-19 patients across the Indian capital were put at risk due to “dangerousl­y low” supply levels.

The Delhi high court’s twojudge panel headed by justice Vipin Sanghi expressed “shock and dismay” over the government’s neglect and directed Prime Minister Narendra Modi’s administra­tion to “beg, borrow, steal” but ensure adequate oxygen supply for hospitals.

“This is bad planning. Why didn’t we foresee this? This is not rocket science,” Sanghi said.

The late-night courtroom drama, with the state and federal government lawyers bickering over oxygen supplies to the national capital, which has among the best health-care infrastruc­ture in the country, is a grim indicator of a worse situation in the hinterland­s. The nation’s social media has turned into a helpline with desperate calls for help to secure medicines, hospital beds, and oxygen cylinders.

The ferocity of the second wave is also resonating with investors and analysts. Indian stocks and the rupee have become Asia s worst performers this month as sentiment soured, while credit default swaps also surged. On Wednesday, Care Ratings lowered India’s GDP growth forecast for the current fiscal year to 10.2%, from as much as 11.2% in March. This is its second downward revision in less than a month.

Social media posts in India are filled with frantic calls to save lives as the outbreak worsens. Twitter, Facebook, Instagram, WhatsApp and Telegram are all inundated with messages from distraught family members and friends begging for hospital beds, medicines, CT scans, doorstep Covid-19 tests, and food for the elderly in quarantine.

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